Can I retire at age 74 with 826,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $826,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$68,210$67,603$67,010$66,431$65,866$64,274
2 years$33,767$33,139$32,529$31,938$31,365$29,770
3 years$22,288$21,656$21,048$20,463$19,899$18,352
4 years$16,549$15,920$15,318$14,743$14,192$12,705
5 years$13,107$12,481$11,887$11,324$10,789$9,365
6 years$10,813$10,192$9,607$9,056$8,537$7,178
7 years$9,175$8,559$7,983$7,445$6,943$5,649
8 years$7,947$7,337$6,770$6,246$5,760$4,530
9 years$6,993$6,388$5,831$5,320$4,850$3,685
10 years$6,229$5,631$5,084$4,586$4,133$3,029
11 years$5,605$5,013$4,476$3,991$3,554$2,512
12 years$5,086$4,499$3,972$3,501$3,080$2,096
13 years$4,646$4,066$3,549$3,091$2,686$1,759
14 years$4,270$3,696$3,189$2,743$2,354$1,483
15 years$3,944$3,376$2,879$2,447$2,073$1,254
16 years$3,659$3,098$2,610$2,191$1,832$1,064
17 years$3,408$2,853$2,375$1,968$1,625$905
18 years$3,186$2,636$2,168$1,774$1,444$772
19 years$2,986$2,443$1,985$1,603$1,287$659
20 years$2,807$2,270$1,822$1,452$1,150$564
21 years$2,646$2,115$1,676$1,317$1,029$483
22 years$2,499$1,974$1,544$1,198$922$414
23 years$2,365$1,846$1,426$1,091$828$355
24 years$2,242$1,730$1,319$995$744$305
25 years$2,130$1,623$1,221$909$670$262
26 years$2,026$1,526$1,133$831$603$225
27 years$1,930$1,436$1,052$761$544$194
28 years$1,841$1,353$978$697$491$167
29 years$1,758$1,276$910$639$443$144
30 years$1,681$1,205$848$586$400$124
31 years$1,610$1,139$790$539$362$106
32 years$1,542$1,078$737$495$327$92
33 years$1,479$1,021$688$455$296$79
34 years$1,420$968$643$419$268$68
35 years$1,364$918$601$386$243$59
36 years$1,312$871$563$355$220$51
37 years$1,262$827$527$327$200$44
38 years$1,216$786$493$302$181$38
39 years$1,171$748$462$278$164$32
40 years$1,129$711$433$256$149$28
41 years$1,089$677$406$237$135$24
42 years$1,052$645$381$218$123$21
43 years$1,016$615$357$202$111$18
44 years$981$586$335$186$101$16
45 years$949$559$315$172$92$13
46 years$918$533$296$159$83$12
47 years$888$508$278$147$76$10
48 years$860$485$261$136$69$9
49 years$832$464$245$125$62$7
50 years$806$443$231$116$57$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $826,000, adding $4,436 every year, while hoping to spend $40,615 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 68/27/5 Blend
73$826,000$826,000$826,000$826,000
74$914,828$871,050$858,247$976,207
75$964,926$870,517$843,784$1,016,878
76$1,018,773$868,597$827,475$1,055,957
77$1,076,709$865,179$809,216$1,097,578
78$1,139,105$860,145$788,897$1,141,982
79$1,206,372$853,370$766,404$1,189,434
80$1,278,960$844,723$741,616$1,240,227
81$1,357,361$834,062$714,407$1,294,687
82$1,442,120$821,239$684,648$1,353,170
83$1,533,833$806,096$652,200$1,416,073
84$1,633,156$788,467$616,921$1,483,833
85$1,740,810$768,175$578,661$1,556,932
86$1,857,589$745,032$537,262$1,635,903
87$1,984,365$718,840$492,562$1,721,337
88$2,122,097$689,390$444,390$1,813,884
89$2,271,841$656,459$392,566$1,914,263
90$2,434,756$619,814$336,905$2,023,267
91$2,612,122$579,205$277,212$2,141,774
92$2,805,343$534,371$213,284$2,270,753
93$3,015,967$485,034$144,907$2,411,273
94$3,245,695$430,900$71,861$2,564,515
95$3,496,401$371,660$0$2,731,785
96$3,770,149$306,985$0$2,914,847
97$4,069,208$236,531$0$3,119,080
98$4,396,077$159,932$0$3,342,416
99$4,753,509$76,801$0$3,586,807
100$5,144,534$0$0$3,854,408